Jim Bianco on Illinois’ Politically-Created Downward Spiral

Illinois is in major trouble and may very shortly go down in history as the first US state with a junk credit rating. Jim Bianco of Bianco Research, located in Chicago, discusses how a large portion of Illinois’ problems go back to a decision made in the 1970s with public pensions and why what happens in Illinois has implications for many other troubled states in the US facing similar issues. Bianco also provides his thoughts on the tech sector, the Fed, inflation, and the overall market.

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